2, GRAZING DRIVE, IRLAM, MANCHESTER, M44 6TG - £185,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 GRAZING DRIVE is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £185,000 in August 2018, which was around 34% below the average August 2018 detached price in the Salford local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

2 GRAZING DRIVE Sold Prices

Land registry data shows four sales for 2 GRAZING DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Salford local authority area for the corresponding sale date. All of the four 2 GRAZING DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 10 AUG	£185,000	£281,012	34% below HPI
2008 30 APR	£159,000	£215,338	26% below HPI
1999 2 AUG	£66,000	£79,902	17% below HPI
1997 28 NOV	£59,950	£74,406	19% below HPI

2 GRAZING DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Salford local authority area over time, sourced from the HPI. The four 2 GRAZING DRIVE sales between November 1997 and August 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2008 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 2 GRAZING DRIVE?

2 GRAZING DRIVE is 70m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 10% of detached houses in Irlam, based on EPC data. The below chart shows the distribution of detached houses by size in Irlam, and where 2 GRAZING DRIVE lies on this distribution: 5% of detached houses are smaller than 2 GRAZING DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Irlam.

2 GRAZING DRIVE: Plot and Title Map

2 GRAZING DRIVE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 2 GRAZING DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 GRAZING DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 GRAZING DRIVE?

2 GRAZING DRIVE is located in IRLAM, in the M44 postcode district. The below map shows the position of No. 2 on GRAZING DRIVE.